L&T Heavy Engineering arm wins significant contracts across segments in Q4FY21
The heavy engineering arm of Larsen & Toubro Limited has won significant contracts for its various business segments in Q4FY21. The segment has state-of-the-art, fully-integrated, world-class manufacturing facilities at Hazira & Vadodara in Gujarat as well as Powai (Mumbai).
Meanwhile, the value of all these contracts is worth Rs 1,000 - Rs 2,500 crore.
Under the nuclear segment, it has secured orders for 12 steam generators (SGs) from NPCIL for the prestigious 3 x 700 MWe pressurised heavy water reactor (PHWR) thereby, strengthening its position as a key nuclear power equipment supplier for Government of India's fleet mode procurement programme, which consists of constructing 10 units of 700 MWe PHWR with indigenous technology. Steam generators, reactor headers, and pressurisers are critical equipment of nuclear island of the power plant.
It also won a critical reactor system package order for IOCL's petrochemical project against stiff international competition. Other notable orders include hydroprocessing reactors for the renewable diesel & biofuel project for prestigious refinery majors from USA & Europe; reactor with internals for IOCL Barauni and a service contract for IOCL Panipat PTA project.
Recently, L&T Heavy Engineering created a global benchmark in nuclear manufacturing by dispatching first out of the four 700 MWe steam generators (SGs) and first reactor end shield for Gorakhpur Haryana Anu Vidyut Pariyojana (GHAVP) in 36 months despite COVID-19 pandemic challenges.
On Thursday, the stock of L&T opened 1.2 per cent higher at Rs 1,390.50 from its previous close of Rs 1,373.50 on BSE.